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The global Abaca Fiber market size was valued at USD 210.69 Million in 2022 and will reach USD 513.84 Million in 2028, with a CAGR of 16.02% during 2022-2028.
Abaca Fiber refers to the leaf fiber extracted from coke hemp petiole. The outermost and oldest petiole produces the most solid fiber and the darkest color. The fiber length can reach 0.9-2.7 meters and is firm and buoyant. Can be used in mooring indexing, fishing line, carpet, and paper industries.
Russia and Ukraine, as important suppliers of global energy and industrial raw materials and important transport routes connecting Eurasia, are important participants in major global industries. The conflict between Russia and Ukraine and the resulting economic sanctions have brought more storms to the already unstable global industrial chain supply chain. For Abaca Fiber Market, the fluctuation of the exchange rate and the obstruction of shipping and land are undoubtedly the major constraints faced by foreign trade enterprises. The most direct impact is the increase in transportation costs, as well as the supply of raw materials and price fluctuations.
The manufacture of Abaca Fiber mainly depends on the supply of raw materials. The raw material of Abaca Fiber is Abaca, which is mostly produced in tropical Asia such as Philippines. Russia, as the core trade channel connecting Asia and Europe, faces great challenges in the supply of raw materials of Abaca Fiber. On the other hand, although the main producer of raw materials is not in Russia or Ukraine, the conflict between Russia and Ukraine has caused global economic turmoil and soaring prices, which will inevitably cause the price fluctuation of Abaca and increase the production cost of enterprises. Enterprise supply chain security needs to be solved urgently. After this attack, Enterprises realize that it is very important to master the ownership of energy and technology, by realizing supply chain security, enterprises can effectively prevent risks in key links of the industrial chain. When faced with the impact of supply and chain disruptions such as external products, components or technologies, which can also rely on the stable local supply chain of the industrial chain or the decentralized international supply chain to provide corresponding products and services.
In addition to the impact on production, the logistics and transportation costs and risks of products are also greatly increased. Abaca Fiber has been widely used in specific areas around the world. The difficulties in logistics and transportation further hinder the cooperation and development of new projects. Therefore, the transfer or diversification of the supply chain is often part of the company's solutions.
Abaca Fiber possesses higher tensile strength and lower elongation
Abaca is one of the important raw materials of hard fiber, which has high fiber strength, resistance to water and humidity, especially resistance to immersion in seawater, and good buoyancy. It is a good fiber for ropes. Pseudostem is rich in fiber, hard fiber, strong tensile force, and is mostly used to make ropes.
Potential as an alternative material
The characterization result of abaca fiber showed the abaca fiber has the potential to develop as alternative material based on chemical, physical and thermal properties. Abaca is one of the natural fiber that has high mechanical properties because supported by the architecture of its cell walls. The mechanical properties of abaca fiber are very influenced by the cell walls structure, cellulose, hemicellulose and lignin composition.
For example, in the manufacture of automobile parts, Abaca Fiber has great potential to replace glass fiber.
Region Overview:
In 2022, the share of the Abaca Fiber market in Southeast Asia stood at 70.75%.
Company Overview:
Ching Bee Trading Corporation is one of the major players operating in the Abaca Fiber market, holding a share of 8.88% in 2022.
Ching Bee Trading Corporation
Ching Bee Trading Corporation was established as a sole proprietorship in Tabaco, Albay in the 1940s by its founder, Mr. Lim Cheng Bee, for the purpose of maximizing the abundant supply of abaca and copra in the Bicol Region. The company secured its presence in the trading of abaca and copra with local suppliers and buyers.
Dragon Vision Trading Company
Dragon Vision Trading Company produces abaca fiber for manufacturers of specialty paper, tea bags, insulating paper, medical fiber, etc. As a newcomer to the market, it is important to combine sustainability with equitable growth. They work with rural farmers and producers to address the needs of a wide range of fiber products with responsible farming and progress in mind.
Segmentation Overview:
By type, Fine Abaca Fiber segment accounted for the largest share of market in 2021.
Fine Abaca Fiber
Fine abaca fiber can be used for textile and clothing accessories, such as hats, bags, and clothing decoration. And because of its good buoyancy, it can be made into tea bags.
Rough Abaca Fiber
Rough abaca fiber can be used to produce pulp, fiber crafts, ropes, etc. Because of its elasticity, super toughness, and strong salt water resistance, it is also the main production material of anchor rope and other related application products in navigation.
Application Overview:
The market's largest segment by application is the segment Paper & Pulp, with a market share of 81.90% in 2021.
The Abaca Fiber market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Abaca Fiber market covered in Chapter 4:
Ching Bee Trading Corporation
Selinrail International Trading
Tag Fibers, Inc.
MAP Enterprises
Dragon Vision Trading Company
In Chapter 12 and Chapter 14.1, on the basis of types, the Abaca Fiber market from 2018 to 2028 is primarily split into:
Fine Abaca Fiber
Rough Abaca Fiber
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Abaca Fiber market from 2018 to 2028 covers:
Paper & Pulp
Fiber Craft
Cordage
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Abaca Fiber market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Abaca Fiber market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Abaca Fiber industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Abaca Fiber industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Abaca Fiber market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Abaca Fiber market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Abaca Fiber market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Abaca Fiber market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Abaca Fiber refers to the leaf fiber extracted from coke hemp petiole. The outermost and oldest petiole produces the most solid fiber and the darkest color. The fiber length can reach 0.9-2.7 meters and is firm and buoyant. Can be used in mooring indexing, fishing line, carpet, and paper industries.
Russia and Ukraine, as important suppliers of global energy and industrial raw materials and important transport routes connecting Eurasia, are important participants in major global industries. The conflict between Russia and Ukraine and the resulting economic sanctions have brought more storms to the already unstable global industrial chain supply chain. For Abaca Fiber Market, the fluctuation of the exchange rate and the obstruction of shipping and land are undoubtedly the major constraints faced by foreign trade enterprises. The most direct impact is the increase in transportation costs, as well as the supply of raw materials and price fluctuations.
The manufacture of Abaca Fiber mainly depends on the supply of raw materials. The raw material of Abaca Fiber is Abaca, which is mostly produced in tropical Asia such as Philippines. Russia, as the core trade channel connecting Asia and Europe, faces great challenges in the supply of raw materials of Abaca Fiber. On the other hand, although the main producer of raw materials is not in Russia or Ukraine, the conflict between Russia and Ukraine has caused global economic turmoil and soaring prices, which will inevitably cause the price fluctuation of Abaca and increase the production cost of enterprises. Enterprise supply chain security needs to be solved urgently. After this attack, Enterprises realize that it is very important to master the ownership of energy and technology, by realizing supply chain security, enterprises can effectively prevent risks in key links of the industrial chain. When faced with the impact of supply and chain disruptions such as external products, components or technologies, which can also rely on the stable local supply chain of the industrial chain or the decentralized international supply chain to provide corresponding products and services.
In addition to the impact on production, the logistics and transportation costs and risks of products are also greatly increased. Abaca Fiber has been widely used in specific areas around the world. The difficulties in logistics and transportation further hinder the cooperation and development of new projects. Therefore, the transfer or diversification of the supply chain is often part of the company's solutions.
Abaca Fiber possesses higher tensile strength and lower elongation
Abaca is one of the important raw materials of hard fiber, which has high fiber strength, resistance to water and humidity, especially resistance to immersion in seawater, and good buoyancy. It is a good fiber for ropes. Pseudostem is rich in fiber, hard fiber, strong tensile force, and is mostly used to make ropes.
Potential as an alternative material
The characterization result of abaca fiber showed the abaca fiber has the potential to develop as alternative material based on chemical, physical and thermal properties. Abaca is one of the natural fiber that has high mechanical properties because supported by the architecture of its cell walls. The mechanical properties of abaca fiber are very influenced by the cell walls structure, cellulose, hemicellulose and lignin composition.
For example, in the manufacture of automobile parts, Abaca Fiber has great potential to replace glass fiber.
Region Overview:
In 2022, the share of the Abaca Fiber market in Southeast Asia stood at 70.75%.
Company Overview:
Ching Bee Trading Corporation is one of the major players operating in the Abaca Fiber market, holding a share of 8.88% in 2022.
Ching Bee Trading Corporation
Ching Bee Trading Corporation was established as a sole proprietorship in Tabaco, Albay in the 1940s by its founder, Mr. Lim Cheng Bee, for the purpose of maximizing the abundant supply of abaca and copra in the Bicol Region. The company secured its presence in the trading of abaca and copra with local suppliers and buyers.
Dragon Vision Trading Company
Dragon Vision Trading Company produces abaca fiber for manufacturers of specialty paper, tea bags, insulating paper, medical fiber, etc. As a newcomer to the market, it is important to combine sustainability with equitable growth. They work with rural farmers and producers to address the needs of a wide range of fiber products with responsible farming and progress in mind.
Segmentation Overview:
By type, Fine Abaca Fiber segment accounted for the largest share of market in 2021.
Fine Abaca Fiber
Fine abaca fiber can be used for textile and clothing accessories, such as hats, bags, and clothing decoration. And because of its good buoyancy, it can be made into tea bags.
Rough Abaca Fiber
Rough abaca fiber can be used to produce pulp, fiber crafts, ropes, etc. Because of its elasticity, super toughness, and strong salt water resistance, it is also the main production material of anchor rope and other related application products in navigation.
Application Overview:
The market's largest segment by application is the segment Paper & Pulp, with a market share of 81.90% in 2021.
The Abaca Fiber market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Abaca Fiber market covered in Chapter 4:
Ching Bee Trading Corporation
Selinrail International Trading
Tag Fibers, Inc.
MAP Enterprises
Dragon Vision Trading Company
In Chapter 12 and Chapter 14.1, on the basis of types, the Abaca Fiber market from 2018 to 2028 is primarily split into:
Fine Abaca Fiber
Rough Abaca Fiber
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Abaca Fiber market from 2018 to 2028 covers:
Paper & Pulp
Fiber Craft
Cordage
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Abaca Fiber market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Abaca Fiber market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Abaca Fiber industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Abaca Fiber industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Abaca Fiber market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Abaca Fiber market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Abaca Fiber market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Abaca Fiber market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
